Another disruptive technology project on the blockchain , GSG was born
BlockSpy News, September 6, 2020 Sunday.
The blockchain industry is changing every day. There is a saying: One day in the cryptocurrency, one year in the world. Gauss Ecology (GSG) from Genesis Lab in Moscow is sweeping the European and American continents, and everyone is looking forward to its official launch.
What is GSG?
According to the official website information and its white paper, GSG is a new generation of blockchain cross-chain public chain project initiated by the Russian and South Korean technology geeks jointly established Genesis Lab. It uses a unique three-layer cross-chain network processing that can handle massive cross-chains. Interactive data. GSG organically combines many consensus mechanisms (PoW+DPoS+GPoS), and develops a unique GSG algorithm: Galgo. In response to the development bottlenecks and drawbacks of the traditional blockchain industry, GSG has made a lot of optimizations on the data processing efficiency of the blockchain industry technology oracle (Oracle), data privacy protection, and DeFi application scenarios. GSG is currently testing on the test network. The test network test TPS data is as high as 10,000, far exceeding the processing efficiency of current mainstream currencies, and GSG’s X86 virtual machine is perfectly compatible with the Ethereum (ETH) ecosystem. It is expected to be within one quarter (2020) Q4) The main net is officially launched.
Which pain points in the blockchain industry does GSG solve?
Protect identity privacy. In today’s era of big-data, it is difficult for us to guarantee that our identity privacy will not be leaked. Our emails, accounts, identity certificates and other information are at risk of being peeped all the time. GSG uses zero-knowledge proofs. Protecting the privacy of blockchain identity data can ensure foolproof.
A safe and reliable oracle. The oracle is one of the most important infrastructures in the DeFi sector. When on-chain data needs to interact with off-chain data, data security is particularly important. GSG has strengthened the security of the oracle from multiple perspectives such as decentralized data sources, verification systems, certificate systems, reputation systems, and DPoS upgrade services. This ensures that GSG will be the leader in the oracle sector in the future, and its potential is immeasurable
Diversity of consensus mechanisms. A single proof mechanism (such as POW/POS/DPOS) can no longer meet market demand. The main harms caused by a single proof method to the public chain are: limited participation methods, increased time costs, and later concentration of chips. GSG globally exclusively uses the combined proof method of PoW+DPoS+PoC, fair mining and fair output to avoid future troubles.
DeFi efficiency is improved. At present, the ecology of Ethereum is expanding day by day, and the TPS of Ethereum is still no more than 20. This is completely incompatible with the number of tens of millions of users of cryptocurrency. GSG has made a lot of changes and optimizations in tps and data security. It can ensure the prosperity and development of the DeFi ecosystem on the GSG chain in the future.
Every day we feel the changes in this world are taking place, what kind of surprises GSG will bring us, let us wait and see.
Media contact
Contact: Ruzwana
Company Name: Gsgchain LTD
Add: Moscow
Website: www.gsgchain.xyz
Email: gsg@gsgchain.xyz